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FSIB, the headhunter for directors of state-owned banks and financial institutions, on Monday recommended Ashok Chandra for the position of Managing Director (MD) and CEO of Punjab National Bank (PNB). He is currently the Executive Director of Canara Bank. He will replace Atul Kumar Goel who retires in December. The Financial Services Institutions Bureau (FSIB) interviewed 16 candidates for the position of MD & CEO of PNB, FSIB said in a statement.

US election 2024 witnessed a crucial twist when President Joe Biden's revealed that he was going to drop out of the 2024 White House race and endorsed Vice President Kamala Harris as the Democratic nominee triggered one of the most remarkable transformations in American politics, as per a report on AFP. Harris was previously saddled with record low approval ratings for a 'veep'. Within a few short weeks she created an election campaign out of nothing. She held rapturous rallies, raised more than $1 billion in funds and brought what she called a burst of joy to a party that had given up hope.

illegal payment gateways created by transnational gangs of cybercriminals using mule bank accounts and are being used for facilitating money laundering, officials said on Monday. The gateways are created by transnational cybercriminals who provide money laundering services using accounts of shell companies and individuals, exploiting the bulk payout facility provided by banks, it said. Police in Gujarat and Andhra Pradesh recently conducted nationwide raids which showed that cybercriminals have set up illegal digital payment gateways using rented bank accounts for laundering the proceeds of different crimes. «Some of the payment gateways identified during the operation are PeacePay, RTX Pay, PoccoPay, RPPay etc. These gateways are learnt to be providing money laundering as a service and are operated by foreign nationals,» a government statement said.

In the United States, the growing recognition of this festival reflects the nation’s diversity and the increasing influence of various cultures. In a landmark decision, Pennsylvania has become the first state to declare Diwali an official public holiday, recognizing its importance and the vibrant communities that celebrate it, as mentioned in a report by Hindustan Times.

CAMS, which acts as a registrar and transfer agent for mutual funds, on Monday reported a 45 per cent rise in profit after tax to Rs 122.5 crore for the three months ended September 2024. It had a profit after tax (PAT) of Rs 84.51 crore in the same quarter of the preceding fiscal. The company's revenues from operations rose 33 per cent to Rs 365.17 in the July-September quarter of the current financial year (FY25) from Rs 275 crore in the year-ago period, the company said in a statement.

Zoe Saldaña and Nicole Kidman, is set to return for its second season on Paramount+, following a record-breaking premiere in 2023. The new season, highly anticipated by fans, began streaming on Sunday, October 27, 2024, with episodes expected to maintain the momentum of its predecessor.

Maira Khan recently stirred conversation with her candid remarks on feminism during a podcast interview. Known for her role in the drama series Babban Khala Ki Betiyann, Khan expressed her beliefs about women’s roles in society, stating, “I do not believe in feminism. I believe in women staying at home and raising kids, shopping around, pampering themselves, and traveling the world.”

Ecommerce software firm Unicommerce Esolutions, which went public in August, saw its net profit increase by 21% to Rs 4.4 crore for the quarter ended September 2024. The company reported operating revenue of Rs 29 crore for the quarter, from Rs 26 crore a year ago. Its total income stood at Rs 30 crore. The company’s total expenses rose to Rs 24 crore in the September quarter from Rs 22 crore in the same period last year. A significant amount of the expenditure was attributed to employee benefits which amounted to Rs 16 crore and other expenses at Rs 6 crore.

India Meteorological Department (IMD) has forecasted light showers in the city on October 30 and 31, aligning with the Diwali celebrations which start on October 29 and continue until November 3. Meteorologists noted that both day and night temperatures are expected to be slightly warmer than usual, with early morning mist predicted throughout the week. “An upper air circulation is anticipated over Maharashtra in the next two days, increasing moisture in areas like Madhya Maharashtra, which includes Pune,” a senior Met official explained.

Diddy has lost money inside his declining empire as a former billionaire. Due to numerous high-profile lawsuits and federal criminal charges of racketeering and human trafficking, Sean Diddy Combs' empire, which includes everything from media and television to record labels and liquor brands, is collapsing, as quoted in a report by US Weekly. As a judge decided in September, prosecutors have cited Diddy's extravagant wealth as justification for refusing him bail, claiming that it makes him a possible flight risk who could leave the nation without being caught. Journalist Zack O'Malley Greenburg, known for his research on Diddy’s finances, asserts that while Diddy may have been a billionaire in the past, he is currently not one.

cleanliness campaign, officials said on Monday. The special campaign 4.0 launched by the government, with Department of Administrative Reforms & Public Grievances (DARPG) as the nodal department, will attain its stated objectives of institutionalisation of cleanliness campaigns and reduction in pendency with a saturation approach, according to an official statement. Giving details of the campaign being carried out from October 2-31, the Personnel Ministry said it has led to earning of Rs 279 crore through scrap disposal, freeing up of 127 lakh square feet OF space for productive use and redressal of 4.27 lakh public grievances. The statement said 29.47 lakh physical files were reviewed and 17.58 were identified and 15.44 lakh weeded out, said the statement issued by the Personnel Ministry, adding that 3.51 lakh e-files have been reviewed.

Jim Rogers has said. Rogers, who co-founded the famed Quantum fund with billionaire George Soros in the 1970s, told MarketWatch in a recent interview that history would suggest that a recession is imminent. He believes “America’s never gone this long without a recession in its history,” and it’s “overdue” for more economic problems. “I do know there’s going to be a recession again, and I do know it’s going to be extremely bad.” If the economy turns sour, Rogers believes gold and silver will do well, along with commodities in general. Amid this prediction, Jim Rogers also has an investing advice.

BharatPe is working on introducing new investment and wealth management features on its peer-to-peer lending application 12% Club. The 12%Club app has been renamed Invest BharatPe and is available on the Google Play Store. It has launched digital gold for investments as its first product, the company said in a statement on Monday. Responding to ET's queries, BharatPe said that it has halted fresh deposits for its P2P lending product but the existing users will be able to access their investments through the new app.

King Maha Vajiralongkorn from Thailand, officially known as King Rama X, is the richest monarch in the world. Vajiralongkorn, 66, ascended to the throne after the death of his father, King Bhumibol Adulyadej in October 2016, according to a report from France24. His father ruled the Buddhist kingdom for 70 years, one of the world's longest-serving monarchs. Vajiralongkorn was crowned in May 2019 when his 88-year-old father Bhumibol Adulyadej passed away on October 13, 2016. What is surprising is that Charles III, the King of the United Kingdom, is a globally influential monarch but he did not make the list of the world’s top 10 richest monarchs. According to the sources, his net worth is estimated to be around $747 million. ALSO READ: Vasundhara Oswal, Indian-origin billionaire's daughter, detained in Uganda. A look at her Rs 1,649 crore house, lavish lifestyle

NTA) has begun the registration process for the Joint Entrance Examination (JEE) Main 2025, with applications opening today, October 28. Interested students can register for JEE Main 2025 Session 1 through the official website at jeemain.nta.nic.in. The registration portal will remain open until 11:50 pm on November 22. Candidates can only apply for JEE (Main) – 2025 Session 1 online via the official website. According to the official notice, “The Application Form in any other mode will not be accepted.” The application fee can also be paid online using various methods such as credit and debit cards, net banking, and UPI.

Iron Beam". «The Ministry of Defence has signed a major deal worth approximately 2 billion shekels to significantly expand procurement of the laser interception systems, 'Iron Beam,',» a statement said. The system is aimed at improving the interception of drones and other projectiles, which Hezbollah in Lebanon has fired at Israel since the start of the war in Gaza in support of its Palestinian ally Hamas.

Nomura on Monday said the Indian economy has entered a phase of "cyclical growth slowdown" and the Reserve Bank's estimate of 7.2 per cent GDP expansion is «overly optimistic». The brokerage said it sees «rising downside risks» to its GDP growth estimates of 6.7 per cent in the ongoing FY25 and 6.8 per cent in FY26. «We believe India's economy has entered a cyclical growth slowdown. Coincident and leading growth indicators point to a further moderation in GDP growth and the RBI's forecast of 7.2 per cent for FY25 is overly optimistic,» the brokerage said in a note. The RBI maintained its FY25 growth estimate at 7.2 per cent earlier this month, even as some watchers have been coming out with lower numbers.

Elon Musk made bold claims regarding potential federal budget cuts under a Trump-led administration. Addressing a crowd of supporters, Musk asserted that he could reduce the federal budget by at least $2 trillion if Donald Trump wins the 2024 presidential election. He criticized current government spending and positioned himself as an advocate for fiscal efficiency. “Your money is being wasted,” Musk declared, adding that he would work to “get the government off your back and out of your pocketbook, as quoted in a report by The Crypto Times.

residential supply post-pandemic, becoming the third-largest market in Gurugram after Dwarka Expressway and New Gurgaon, according to the data by Square Yards. This growth is driven by improved infrastructure and increased developer activity. The total new supply in Sohna since 2020 has already surpassed the cumulative supply of the previous decade (2010–2020), signalling an inventory with an average age of less than four years. The market is dominated by 2BHK units, accounting for 65% of supply, followed by 3BHK units at 26%.

During the bilateral talks held at the iconic Laxmi Vilas Palace here, both leaders also discussed the situation in Ukraine and in West Asia, said Tanmaya Lal, secretary (west), Ministry of External Affairs. «With respect to Ukraine, both sides exchanged their views on how they see the situation. PM Modi reiterated India's position that any such conflict can only be resolved by dialogue and diplomacy. This is not the time for war, this cannot be resolved on the battleground. It is necessary that direct discussion takes place between both the parties,» Lal told reporters.